Mexican shipowner Grupo TMM has posted a wider loss for the second quarter despite an offshore market improvement.
The company, which also has tankers, said the net deficit to 30 June was MXN 255.8m ($14.22m), from MXN 142.1m in 2016.
Revenue dipped to MXN 659.4m against MXN 694.4m, while financial costs rose by MXN 70m.
Fleet utilisation was 45% in offshore and 85% in product and chemical tankers.
